Buy Apple Shares If You Can

Appleinsider reports that Piper Jaffray has placed Apple on its Alpha list. The Alpha list is a categorization of companies who’s stocks are poised for short term gains due to market conditions and circumstance. Gene Munster believes that Apple is poised to gain significant value in the next 90 days. This is due to a possible strong Holiday Season and anticipation for January’s Macworld.

The average Dec. change of Apple is 37%  and the average holiday change (Oct 1. to Dec 1) is 42.5%. That’s quite good. If you even get 3/4 of this this year it would have been great.

As a personal disclosure, I own a few shares of Apple. I bought a bit high but I’m planning to hold on to it. I’m hoping this season goes well and that by end of this year it would have gained significantly.

I love Apple and I should have believed in it more. Had I done so, I would have been looking at a hefty gain when I bought Apple shares a few years ago at $40. Alas, I sold it too soon to move to a stock that eventually didn’t make money for me.

So.. If you have spare change or want to invest in stocks, I agree with Piper Jaffray’s analysis and say buy some Apple shares and hold on to it near term.